While Extreme Networks Inc has underperformed by -3.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EXTR fell by -8.82%, with highs and lows ranging from $18.77 to $10.49, whereas the simple moving average jumped by 19.15% in the last 200 days.
On May 16, 2024, Craig Hallum Upgraded Extreme Networks Inc (NASDAQ: EXTR) to Buy. A report published by Rosenblatt on May 02, 2024, Upgraded its rating to ‘Buy’ for EXTR. B. Riley Securities also Upgraded EXTR shares as ‘Buy’, setting a target price of $14 on the company’s shares in a report dated April 15, 2024. UBS February 01, 2024d the rating to Neutral on February 01, 2024, and set its price target from $22 to $14. Rosenblatt February 01, 2024d its ‘Buy’ rating to ‘Neutral’ for EXTR, as published in its report on February 01, 2024. Lake Street also rated the stock as ‘Hold’.
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Analysis of Extreme Networks Inc (EXTR)
Further, the quarter-over-quarter decrease in sales is -23.77%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Extreme Networks Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -177.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.21M can be a very valuable indicator of volatility for EXTR stock. On a monthly basis, the volatility of the stock is set at 3.60%, whereas on a weekly basis, it is put at 3.69%, with a loss of -6.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.33, showing growth from the present price of $15.61, which can serve as yet another indication of whether EXTR is worth investing in or should be passed over.
How Do You Analyze Extreme Networks Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.91%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EXTR shares are owned by institutional investors to the tune of 91.67% at present.
